Ski bums rejoice!
With much of the U.S. experiencing a cold front and record amounts of snow falling in parts of the Northeast, resorts across the U.S. are getting a head start on ski season.
"We have had a tremendous amount of natural snow here in Colorado and have for the past couple of weeks and we're looking at more snow for Tahoe, Utah and here all for the next week," Rob Katz, CEO of Vail Resorts, told CNBC's "Squawk on the Street" recently.
The Broomfield, Colorado-based operator has opened a number of its resorts already and Katz said the conditions are fantastic. As snow begins to blanket parts of the country—in November, no less—he's expecting one of the best openings for the company in years.
In an industry where weather is by far the single biggest factor that divides success from failure, analysts and industry insiders are upbeat about the 2014–2015 season.
"The state of the ski industry is very strong right now," said Joel Simkins, leisure analyst at Credit Suisse. He notes supply hasn't grown in the North American market in 30 years, creating an environment in which operators have the ability to charge what they want in a sector that already caters to higher-end tastes.
"As [Wall Street] continues to climb, we're looking for big spending from higher-income guests across the board," said Katz. "We see that as huge opportunity heading into this season."